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Elvis Presley's Legacy at Stake: Riley Keough Fights Alleged Graceland Scam

Wednesday, May 22, 2024 • Tamil Comments
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Riley Keough is defying the foreclosure sale of Graceland. In a court document, the "Daisy Jones & The Six" actress refers to the announced court-approved sale of the renowned Memphis property as "fraudulent." She was appointed sole trustee of her grandfather Elvis Presley's estate following her mother Lisa Marie Presley's death in 2023.

Keough sued in Shelby County Chancery Court, Tennessee, to stop Naussany Investments & Private Lending from selling the famous house at auction. Thursday was the day fixed for the sale. She contends there is no such debt; the Missouri-based creditor is claiming to be collecting on an outstanding $3.8 million loan that Lisa Marie took out in 2018 with Graceland as security. Keough sought in the lawsuit for a restraining order against the creditor to prevent any sale of the property. She says the company was "created for the purpose of defrauding" her Promenade Trust and "is not a real entity."

Keough also says the notary named as a witness says they never met Lisa Marie and that her signature was faked on the purported loan documents.

"The note and deed of trust are fraudulent and unenforceable," Keough says in the lawsuit. The counter complaint seeks to stop the fraud, and Elvis Presley Enterprises, which operates Graceland, backs Keough's assertions, saying there hasn't been a foreclosure sale. Grandmother of Keough and former wife of Elvis, Priscilla Presley, dubbed it a "scam."

Wednesday is set aside for a hearing.

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